Investing in flood protection in Asia: An empirical study focusing on the relationship between investment and damage

Investing in disaster risk reduction is crucial in achieving the Sustainable Development Goals since natural disasters can impede sustainable development by causing economic and human losses. To consider investment in disaster risk reduction, policymakers need information on appropriate scales of in...

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Autores principales:	Mikio Ishiwatari, Daisuke Sasaki
Formato:	article
Lenguaje:	EN
Publicado:	Elsevier 2021
Materias:	Disaster risk reduction Economic development Flood protection investment Multiple regression model Sustainable development goals Environmental sciences GE1-350 Social sciences (General) H1-99
Acceso en línea:	https://doaj.org/article/b63519d4e5c848daa35dfd44155221db
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spelling	oai:doaj.org-article:b63519d4e5c848daa35dfd44155221db2021-12-04T04:35:42ZInvesting in flood protection in Asia: An empirical study focusing on the relationship between investment and damage2590-061710.1016/j.pdisas.2021.100197https://doaj.org/article/b63519d4e5c848daa35dfd44155221db2021-12-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S2590061721000570https://doaj.org/toc/2590-0617Investing in disaster risk reduction is crucial in achieving the Sustainable Development Goals since natural disasters can impede sustainable development by causing economic and human losses. To consider investment in disaster risk reduction, policymakers need information on appropriate scales of investment depending on disaster damage occurred and socioeconomic development. However, there is a limited number of empirical studies that examine investment in disaster risk reduction, since the dataset of investments across countries is rarely available. This study aims at proposing the approaches of financing investment in flood protection, which is integrated with climate change adaptation. To our knowledge, this study is the first empirical analysis on the relationship between investment and damage and socio-economic development across economies. A multiple regression model is applied to analyze the relationship between investment in flood protection and flood damage and other socio-economic development. Investment data were collected from government agencies in major flood-prone countries in Asia. It was found that greater flood damage is associated with a larger budget for flood protection. The governments start increasing budgets after major disasters happen and further increase them as GDP per capita and population density rise. To study investment in disaster risk reduction further, datasets of budgets need to be established.Mikio IshiwatariDaisuke SasakiElsevierarticleDisaster risk reductionEconomic developmentFlood protection investmentMultiple regression modelSustainable development goalsEnvironmental sciencesGE1-350Social sciences (General)H1-99ENProgress in Disaster Science, Vol 12, Iss , Pp 100197- (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Disaster risk reduction Economic development Flood protection investment Multiple regression model Sustainable development goals Environmental sciences GE1-350 Social sciences (General) H1-99
spellingShingle	Disaster risk reduction Economic development Flood protection investment Multiple regression model Sustainable development goals Environmental sciences GE1-350 Social sciences (General) H1-99 Mikio Ishiwatari Daisuke Sasaki Investing in flood protection in Asia: An empirical study focusing on the relationship between investment and damage
description	Investing in disaster risk reduction is crucial in achieving the Sustainable Development Goals since natural disasters can impede sustainable development by causing economic and human losses. To consider investment in disaster risk reduction, policymakers need information on appropriate scales of investment depending on disaster damage occurred and socioeconomic development. However, there is a limited number of empirical studies that examine investment in disaster risk reduction, since the dataset of investments across countries is rarely available. This study aims at proposing the approaches of financing investment in flood protection, which is integrated with climate change adaptation. To our knowledge, this study is the first empirical analysis on the relationship between investment and damage and socio-economic development across economies. A multiple regression model is applied to analyze the relationship between investment in flood protection and flood damage and other socio-economic development. Investment data were collected from government agencies in major flood-prone countries in Asia. It was found that greater flood damage is associated with a larger budget for flood protection. The governments start increasing budgets after major disasters happen and further increase them as GDP per capita and population density rise. To study investment in disaster risk reduction further, datasets of budgets need to be established.
format	article
author	Mikio Ishiwatari Daisuke Sasaki
author_facet	Mikio Ishiwatari Daisuke Sasaki
author_sort	Mikio Ishiwatari
title	Investing in flood protection in Asia: An empirical study focusing on the relationship between investment and damage
title_short	Investing in flood protection in Asia: An empirical study focusing on the relationship between investment and damage
title_full	Investing in flood protection in Asia: An empirical study focusing on the relationship between investment and damage
title_fullStr	Investing in flood protection in Asia: An empirical study focusing on the relationship between investment and damage
title_full_unstemmed	Investing in flood protection in Asia: An empirical study focusing on the relationship between investment and damage
title_sort	investing in flood protection in asia: an empirical study focusing on the relationship between investment and damage
publisher	Elsevier
publishDate	2021
url	https://doaj.org/article/b63519d4e5c848daa35dfd44155221db
work_keys_str_mv	AT mikioishiwatari investinginfloodprotectioninasiaanempiricalstudyfocusingontherelationshipbetweeninvestmentanddamage AT daisukesasaki investinginfloodprotectioninasiaanempiricalstudyfocusingontherelationshipbetweeninvestmentanddamage
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Investing in flood protection in Asia: An empirical study focusing on the relationship between investment and damage

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